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Jefferies analyst, Mark Lipacis, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) after Nintendo announced that it selected NVidia's Tegra processors to power the new home gaming system, Switch.

The analyst estimates this to be a $200-$320m annual opportunity for NVDA near term. However, the incremental dollars would likely be margin dilutive. That said, the analyst sees upside to sales and EPS estimates of $0.11-0.16 in 2017.

No change to the price target of $80.

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.